Roblox Stock Surges: Viral Games Ignite Unprecedented Growth in Q3 Earnings
Q3 Earnings Smash Expectations Roblox’s Oct. 30 earnings release stunned analysts. Bookings (non-GAAP sales of virtual currency) hit $1.92 billion in Q3 ng.investing.com, handily beating the $1.65B consensus reuters.com. This reflected a 70% surge in user spending versus year-ago. Daily active users climbed ~70% YoY to 151.5M ng.investing.com, and hours spent in games jumped 91% to 39.6 billion. By contrast, GAAP revenue was $1.36B (+48%) ng.investing.com and GAAP loss $0.37/share (slightly smaller loss than expected) ng.investing.com. In remarks, CEO Dave Baszucki said the quarter showed “tremendous progress we’ve made toward our goal of capturing 10% of the global gaming market”
